The Shikoku Bank, Ltd. and Daiwa Securities Co. Ltd. announced that the two companies have signed a memorandum of understanding (the "MOU") for a comprehensive business alliance (the "alliance") aimed to build a new model of collaboration which is to provide higher value-added financial services and solutions to customers in areas centered on Kochi Prefecture. The two companies will proceed with further discussions and considerations regarding the alliance with the aim of concluding a final agreement by the end of March, 2022. The following contents are planned at the time of the conclusion of the MOU, and may be changed as a result of discussions and considerations between the two companies toward the final agreement of the alliance. If the two companies conclude a final agreement related to the alliance, will promptly inform of the details.